Photo: Reuters/Thomas White

China’s private equity market has once again consolidated its position as the largest market in the Asia Pacific region, accounting for more than 50% of the entire Asia Pacific market, according to a report published by a Boston-based global management consultancy Bain & Company, The Paper reported.

In 2017, the transaction volume of the Chinese market reached the second highest in history, recording US$73 billion. The number of withdrawal transactions soared significantly, creating a historical record of 393 deals, which means market liquidity has also increased.

In the entire competitive landscape of China’s private equity market, there is a large amount of alternative capital that directly participates in transactions, said Kiki Yang, Bain & Company’s global partner.

Part of the alternative capital comes from continuously active BATJ —which stands for Baidu, Alibaba, Tencent and JD.com — the four Internet giants. Their investment volume reached US$10.8 billion and involved 38 deals in 2017.

Asia Times Financial is now live. Linking accurate news, insightful analysis and local knowledge with the ATF China Bond 50 Index, the world's first benchmark cross sector Chinese Bond Indices. Read ATF now.